Stock futures little changed as Biden unveils $1.9 trillion stimulus plan – CNBC

Traders work on the floor of the New York Stock Exchange.NYSEStock futures were slightly lower on Thursday night after President-elect Joe Biden revealed details of a $1.9 trillion stimulus plan, one of the leading agenda products when his administration begins next week.Futures contracts tied to the Dow Jones Industrial Average slipped 71 points, or 0.2%.”There is real discomfort overwhelming the genuine economy– the one where people rely on paychecks, not investments, to pay for their costs and their meals and their childrens requirements,” Biden said during a speech in Delaware Thursday night. A 3rd significant relief bill has been extensively anticipated in recent weeks, particularly after the December labor market report saw the economy lose jobs and Democrats won 2 key Senate races in Georgia, offering Bidens party narrow control of both houses of Congress.Another spending expense, focused on climate modification and infrastructure amongst other initiatives, is anticipated to be presented in February, according to senior Biden officials.It remains uncertain whether Bidens proposal will be welcomed in a sharply divided Congress.

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